A candlestick chart also called Japanese candlestick chart is a style of financial chart used to describe price movements of a security , derivative , or currency. Each "candlestick" typically shows one day, thus a one-month chart may show the 20 trading days as 20 candlesticks. Being densely packed with information, it tends to represent trading patterns over short periods of time, often a few days or a few trading sessions. Candlestick charts are most often used in technical analysis of equity and currency price patterns. Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma , a Japanese rice trader. They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis.
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A candlestick chart also called Japanese candlestick chart is a style of financial chart used to describe price movements of a security , derivative , or currency. Each "candlestick" typically shows one day, thus a one-month chart may show the 20 trading days as 20 candlesticks.
Being densely packed with information, it tends to represent trading patterns over short periods of time, often a few days or a few trading sessions. Candlestick charts are most often used in technical analysis of equity and currency price patterns. Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma , a Japanese rice trader.
They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis. In Beyond Candlesticks ,  Nison says:. However, based on my research, it is unlikely that Homma used candle charts. As will be seen later, when I discuss the evolution of the candle charts, it was more likely that candle charts were developed in the early part of the Meiji period in Japan in the late s.
The area between the open and the close is called the real body , price excursions above and below the real body are shadows also called wicks. Wicks illustrate the highest and lowest traded prices of an asset during the time interval represented. The body illustrates the opening and closing trades. If the asset closed higher than it opened, the body is hollow or unfilled, with the opening price at the bottom of the body and the closing price at the top.
If the asset closed lower than it opened, the body is solid or filled, with the opening price at the top and the closing price at the bottom. Thus, the color of the candle represents the price movement relative to the prior period's close and the "fill" solid or hollow of the candle represents the price direction of the period in isolation solid for a higher open and lower close; hollow for a lower open and a higher close.
A black or red candle represents a price action with a lower closing price than the prior candle's close. A white or green candle represents a higher closing price than the prior candle's close. In practice, any color can be assigned to rising or falling price candles. A candlestick need not have either a body or a wick. Generally, the longer the body of the candle, the more intense the trading.
A hollow body signifies that the stock closed higher than its opening value. A filled body signifies the opposite. Rather than using the open, high, low, and close values for a given time interval, candlesticks can also be constructed using the open, high, low, and close of a specified volume range for example, 1,; ,; 1 million shares per candlestick. Candlestick charts are a visual aid for decision making in stock , foreign exchange , commodity , and option trading.
For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar. A candlestick pattern is a particular sequence of candlesticks on a candlestick chart, which is mainly used to identify trends.
Unlike with regular candlesticks, a long wick shows more strength, whereas the same period on a standard chart might show a long body with little or no wick. Candlestick chart are similar to box plots. Both show maximum and minimum values. The difference between them is in the information conveyed by the box in between the max and min values. The top and bottom edges of the box in the box plot show the 75th and 25th percentile values respectively.
The bar inside the box in the box plot shows the 50th percentile. The top and bottom edges of the box in the candlestick chart show the initial value and the final value, with the color of the box showing whether the initial value is higher or lower than the final value. From Wikipedia, the free encyclopedia. This article needs additional citations for verification.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. This section does not cite any sources. Please help improve this section by adding citations to reliable sources. Retrieved 22 October Japanese Candlestick Charting Techniques 2nd ed.
Prentice Hall Press. Review of Financial Economics. Technical analysis. Breakout Dead cat bounce Dow theory Elliott wave principle Market trend. Hikkake pattern Morning star Three black crows Three white soldiers. Average directional index A. Coppock curve Ulcer index. Categories : Financial charts Japanese inventions. Hidden categories: Articles needing additional references from July All articles needing additional references All articles with unsourced statements Articles with unsourced statements from October Articles with unsourced statements from March Articles needing additional references from March Commons category link is locally defined.
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Librairie Eyrolles - Paris 5e Indisponible. Candlestick charting is more popular than ever before, with a legion of new traders and investors being introduced to the concept by some of today's hottest investment gurus. Having introduced the candlestick technique to the West through two of his bestselling books, Steve Nison is regarded as a luminary in the field of candlestick charting. In accessible and easy-to-understand language, this book offers expert instruction on the practical applications of candlestick charting to give every level of investor a complete understanding of this proven, profitable, and time-tested investing technique. Straightforward answers quickly clarify this easy-to-use charting method. This guide will allow readers to recognize and implement various candlestick patterns and lines in today's real-world trading environment—giving them a noticeable edge in their trading activities. Guide complet de l'analyse technique pour la gestion de vos portefeuilles boursiers.
Temps de lecture: 39 minutes. Vous pouvez apprendre comment lire un graphique en chandelier japonais pour identifier les meilleures figures en chandeliers japonais dans la suite de cet article. Ce genre de bougie donne un fort signal de tendance. Ce signal de trading est plus efficace depuis une zone de structure.
The Candlestick Course
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